When will exchange of contracts occur in purchase conveyancing in Southampton and am I required to be at the lawyers office?
Where you are in close proximity to our conveyancing solicitors in Southampton you are invited in to sign contracts. That being said, the law practices we recommend offer a countrywide conveyancing service and give as equally diligent and professional a job for you when dealing with you digitally. The signing of the purchase agreement is not when everything is set in stone. Signing on the dotted line is necessary for the conveyancer to exchange contracts when the time is right, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Southampton)to be in the office available at the end of the phone to exchange contracts.
There is lots of information on this site regarding conveyancing in Southampton but what is your top tip for choosing the right conveyancer in Southampton
Do not opt for the lowest Southampton conveyancing costs illustration. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
When it comes to lenders such as Bank of Ireland, do Southampton lawyers face a yearly amount to be on the list of approved solicitors?
We are not aware of any lender fees to be on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
I have decided to exercise my right to buy my property in Southampton off the council. I have a mortgage offer with Nationwide. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nationwide, you will need to appoint a solicitor on the Nationwide conveyancing panel.
I have todayfound out that Arc property Solicitors have closed. They carried out my conveyancing in Southampton for a purchase of a freehold house 12 months ago. How can I establish that the property is not still registered in the name of the previous owner?
The easiest way to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Southampton conveyancing specialists.
Due to the encouragement of my in-laws I had a survey completed on a house in Southampton in advance of instructing conveyancers. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies may not grant a loan on a flying freehold home.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. If you contact us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Southampton. Conveyancing may be slightly more expensive based on your lender's requirements.
What does commercial conveyancing in Southampton cover?
Southampton conveyancing for business premises covers a wide range of guidance, given by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
Is it best to choose a Southampton conveyancing practitioner who is local to the property I am purchasing? An old friend can execute the legal work but they are based 200miles drive away.
The benefit of a high street Southampton conveyancing practice is that you can visit the firm to sign documents, present your identification documents and pester them if necessary. They will also have local intelligence which is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and in the main were impressed that should outweigh using an unknown Southampton conveyancing lawyer just because they are based in the area.